Wednesday, June 30, 2010

Early Retiree Reinsurance Program application posted to HHS website

On June 29th, the Department of Health and Human Services (HHS) released the official application for the Early Retiree Reinsurance Program. To view the application, please click on the following link, Official ERRP Program Application. Other newly posted documents to the HHS website include: Official ERRP Application Instructions, Frequently Asked Questions and Application Submission Dos and Don’ts.

Please note that all qualified applications will be approved and applications will be processed in the order in which they are received. It is not critical to be the first application submitted as payments are made based on when claims are submitted, not when the employer’s application for the program was submitted.

HHS does have the authority to stop accepting applications, but only if it appears that the $5 billion in federal funding is insufficient, as program reimbursements are being paid out. Recent estimates suggest the $5 billion will last roughly two years.

No comments:

Post a Comment